A Senate Bill Amending To Increase The SSS Retirees Monthly Pension Worth Of 2,000 Pesos

Good news for pensioners who are members of the Social Security System ( SSS ).
Sen. Teofisto Guingona III , filled a proposal of increasing the monthly pension of SSS member  retirees of  P2,000 across- the- board.

In Senate Bill No. 2888 filed Sen. Teofisto Guingona III , it would amend Section 12 of Republic Act 1161 or the Social Security Act of 1977 , to raise the minimum amount of pension received by retired SSS members,

Check The Latests SSS Contribution Table 

Guingona, said that the pension that were currently receiving by the retired members is not enough  because of continued increases in the prices of commodities.

The last increase of monthly pension of SSS was way back 2004. And an estimated of  two million SSS pensioners.

Under the Bill proposal , the current P2,400 monthly pensions of SSS members retirees who served for 20 years will likely to received an additional  P2,000. Which they will received a total of  P4,400 per month.

Meanwhile, the SSS members retiree with 10 years of  credited years of service, would be receiving a monthly pension of P3,200 per month . from  the previous P1,200 only.

Hopefully the Bill will passed in the senate, it would be a great help for all SSS members, a better  and a higher monthly pension would be a great help for  the continuing increase of cost of living.

This is a good idea of Sen. Teofisto Guingona III, we all know that pensioners, most of the time are not able to work when they retired. An increase of monthly pension will benefit  a lot.
source: Abante